A) Bilaterial Trade Agreements (BTA)
Fiji currently has no bilateral trade agreement with any country; the existing trade relations under the previous bilateral trade agreements have been absorbed into the more popular framework of regional trade agreements (RTAs).
B) Regional Trade Agreements (RTA)
- Melanesian Spearhead Group (MSG) Trade Agreement with (PNG, Vanuatu, Solomon Is and the FLNKS of New Caledonia)
- South Pacific Regional Trade & Economic Cooperation Agreement [SPARTECA] with (Australia, New Zealand and Forum Island Countries (FICs): Cook Islands, FSM, Kiribati, Marshall Islands, Nauru, Niue, PNG, Solomon Islands, Tonga, Tuvalu and Western Samoa.
- Pacific Islands Countries Trade Agreement [PICTA]: only the 14 Forum Island Countries [FICs]
- Economic Partnership Agreement [EPA]: African Caribbean Pacific countries and the European Union [EU]
C) Multi-lateral Trade Agreements (MTA)
World Trade Organisations [WTO]
D) Framework Agreements*
-
Fiji-Australia Trade and Economic Cooperation Agreement [FATERA]
-
Pacific Agreement on Closer Economic Relations [PACER] includes Forum Island Countries [FICs] and Australia and New Zealand and is not a trade agreement but a framework agreement.
* [Note: defines the framework within which the related Trade Agreement will function]
2. Easy repatriation of capital and profits
3. Provides good incentive packages where investors can benefit from
4. An adaptable, productive, industrially disciplined and English speaking labour force with competitive wage rates.
5. A well balanced package of financial incentives and other assistance schemes including a customs duty and VAT suspension scheme for manufacturing for export.
6. Good air and sea links with overseas markets
7. Sophisticated telecommunication links with fibre optic cable connections with the rest of the world
8. A well developed infrastructure, including electricity, water supplies and internal communications.
9. Availability of factory land and building at reasonable rates.
10. A government which welcomes and supports local and foreign investment, within its overall objectives of accelerating industrial development.
11. Well developed banking and financing institutions providing full ongoing financial services.
12. An illustrious list of local and foreign companies, large and small already successfully manufacturing and operating in Fiji.
13. Under the Foreign Investment Act, the FTIB issues the Foreign Investment Registration Certificates to all new proposals within 5 working days of receiving complete proposals.
14. Good educational facilities which comprises primary, secondary, tertiary, medical and technical educational institutions.
15. Good health and medical facilities including a modern private hospital
16. A tropical paradise of beautiful sun drenched islands.